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    1 Charlotte St Manheim, PA 17545

    For Sale
    $1,499,900

    Historic landmark, high-traffic location.

    Property size:
    12,800 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This iconic, restored brick building in Manheim's Market Square presents a remarkable mixed-use investment opportunity. Boasting a nearly 12% cap rate, the property features a high-visibility corner lot with 8,000 daily vehicles passing by. The building comprises a large first-floor commercial space (currently available for lease at $2,500/month + NNN, or with a 10-year commitment and a $65/sqft build-out allowance totaling $277,745 + NNN), ideal for a restaurant or cafГ©, and a fully occupied 25-unit boarding house on the second and third floors. The commercial space features large arched windows, a new paver patio perfect for outdoor seating, exposed beams, and brick. The boarding house units, most with updated LVP flooring, rent for $160-$185 per week, with tenants paying all utilities. There's also a separate suite renting for $270 per week with a full kitchen and loft. The property includes 12 parking spaces in the rear lot, plus ample street parking. Significant recent upgrades include new metal and architectural shingle roofs, a new rubber roof, fresh exterior paint, new windows, upgraded electrical and plumbing systems, and a two-year-old HVAC system. A hardwired security system, two gas furnaces, and new central air conditioning are also featured. The 0.28-acre lot and 12,800 square feet of building space offer substantial potential. This property is ready for a new owner to capitalize on its strong income stream and prime location.

    Property Features for 1 Charlotte St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    12,800 SF
    Lot Size
    12,197 SF

    Building Details

    Year Built
    1900
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Manheim
    County
    Lancaster
    State
    Pennsylvania
    Longitude
    -76.39642
    Latitude
    40.16254

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    FAQs

    What type of property is this?
    Mixed-use property - Historic landmark, high-traffic location.
    Where is this mixed-use property located?
    The property is located at 1 Charlotte St Manheim, PA.
    What is the asking price?
    The asking price for this property is $1,499,900.
    (717) 735-8400
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1 Charlotte St Manheim, PA 17545
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